<h1>Intellectual property policy promotes a balanced, service oriented IP system to stimulate innovation and commercialization of rights.</h1> Cabinet approval establishes a National Intellectual Property Rights Policy to stimulate creativity and commercialization of IP through a TRIPS compliant, balanced and service oriented regime; it creates an institutional mechanism under a nodal department to coordinate implementation and pursues seven objectives including awareness, generation of IPRs, legal framework, administration, commercialization, enforcement and human capital development.